Global trade has taken a surprising leap in the first half of 2025, adding an estimated $300 billion, according to UNCTAD’s latest Global Trade Update report. Even though the growth pace has slowed down, rising prices have driven the overall trade value higher—even as trade volumes edged up by just 1%.
The report notes that trade grew by about 1.5% in the first quarter with expectations of a 2% increase in the second quarter. Services trade emerged as a key booster, registering a 9% jump over the last four quarters, underscoring its role in a dynamic global market.
Mixing trends in merchandise trade have also surfaced, with developed economies outperforming developing regions. For example, the United States witnessed a 14% surge in imports, while exports from the European Union increased by 6%. However, the widening U.S. trade deficit adds complexity to the overall picture.
There is also growing concern over potential trade fragmentation as recent U.S. tariffs—a baseline 10% rate along with extra duties on steel and aluminum—raise the risk of intensified trade tensions. 🚀
While these numbers highlight a resilient market, policy instability, geopolitical tensions, and possible economic slowdowns cast a shadow over future growth. Stay tuned as this trade saga unfolds—it’s as unpredictable as your favorite plot twist in a blockbuster movie! 🎬
Reference(s):
UN: Global trade grows by $300 billion in H1, outlook still uncertain
cgtn.com
